After mixed trading in Asia, stocks moved higher on both sides of the Atlantic. The Asia Dow was down 0.18%, and then the STOXX 600 rose 0.81%, leading to a higher opening in US share prices. The NASDAQ almost immediately erased its gains, with the other main indices eventually falling with it. By midday, the Dow Industrials were down 0.1% and the NASDAQ was 0.4% lower.
Significant news items were few, as stocks continue to ponder the trade war situation, along with how crude oil supplies will settle out. With Libya, Iran, and Venezuela questionable suppliers, and Saudi Arabia planning to increase production, it becomes a question of how much in each case. Crude prices were up smartly in early trading before taking a dive into the red zone.
Precious metals snapped back vigorously, gold up $12 and back above $1250; platinum jumped up $25/oz. with silver lagging – up only ... Log in or subscribe to continue reading.